Based on six month trends, the single family home market in Pinecrest is a buyer’s market.  The level of single family home inventory rose to 10.7 months, and because it is greater than 6 months of inventory, Pinecrest is a buyer’s market.

In April there were 192 homes for sale.  That amount was up 6.1% compared to the previous month and up 28.9% compared to April of last year.  Here is a summary of the market last month (all increase or decrease percentages based on 6 month trend):

Pinecrest Real Estate Trends

April 2016 For Sale & Sold

  • Homes Sold:  18
    • Up 20% compared to March.
    • Up 5.9% compared to last year.
  • Homes placed under contract (Pended):  23
    • Up 9.5% compared to March.
    • Down 11.5% compared to last year.

April 2016 Avg $:SqFt

  • The average sold price per square foot remained neutral (based on 6 month trends) at $337.
    • Up 8.7% compared to March.
    • Up 10.1% compared to last year.
  • The average days on market remained stead at 145 (based on 6 month trends)
    • Down 11.6% compared to last month.
    • Up 45% compared to the last year.

April Avg $ for Sale & Sold

  • The April sold price to original list price ratio remained stead based on 6 month trend.
    • Down 1.1% compared to March.
    • Up 6% compared to last year.
  • The average for sale price is depreciating at $2,095,000.
    • Down 3.7% compared to March.
    • Down 2.5% compared to last year.
  • The average sale price is neutral at $1,423,000.
    • Up 40.6% compared to March.
    • Up 35.7% compared to last year.

MOI April 2016

Based on the 10.7 months of inventory Pinecrest is a buyer’s market.  The months of inventory are down 11.6% compared to March, and up 21.7% compared to April of 2015.

 

If you are considering selling your Pinecrest property, or are thinking of buying in Pinecrest, or would like more detailed information on the Pinecrest Market please contact Adrian Foley at [email protected] or directly at 305.281.1377

 

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